VANCOUVER, BC, March 30,
2023 /CNW/ - Minerva Intelligence Inc. (TSXV:
MVAI) (OTCQB: MVAIF) ("Minerva" or the "Company"), a software and
data analytics company focused on building decision support tools
for climate risk is pleased to announce that climate85 has launched
a wildfire risk score that is the first publicly
available wildfire risk score dataset in Canada.
The climate85 wildfire risk score dataset delivers both yearly
and 30-year aggregate probabilities of wildfire ignition and
spreading for any location in Canada. The 30-year aggregate probability also
allows for a clear evaluation of the likelihood of a property being
impacted by a wildfire, expressed as a percentage probability
(ranging from 0-100%) and a risk score that ranges from minor (less
than 1%) to extreme (greater than 26%).
Based on our dataset, we analyzed all properties in Canada and estimated that roughly 300,000
buildings are exposed to a high wildfire risk, with a 14% or
greater probability of being affected over a 30-year period.
Furthermore, over one million properties carry a minor risk (i.e.,
greater than 1%) of being impacted by wildfires during the typical
mortgage term, potentially putting homeowners at risk of losing
their property.
Climate85 uses a state-of-art, peer-reviewed and globally
recognized methodology to ensure the best possible data quality of
this datasets. This approach incorporates a variety of data
sources, such as historical weather patterns, national fire-fuel
maps, digital elevation models, and prevailing wind patterns, to
pinpoint areas where fires may occur and spread. By analyzing the
locations of more than 400,000 historical fires and running over
400 million simulations, we have created a probability map of
wildfire risk scores that spans across Canada.
The wildfire risk score dataset provided by climate85 is
currently the only publicly accessible pan-Canadian map of its
kind. This risk score is a valuable addition to the suite of
climate85 climate risk datasets, which already includes extreme
heat, precipitation, humidex, and wind data. Furthermore, flood
data will be added to this collection soon.
These datasets are available through the climate85 API and
address lookup toolbar for every location in Canada. Users can effortlessly search for a
specific address or coordinates to obtain trustworthy, cutting-edge
information on their exposure to wildfire, extreme heat, humidex
precipitation, and wind risk.
The address lookup functionality makes it easy for non-technical
individuals to gain an understanding of climate risks on their
property, anyone can look up a limited number of addresses for
free. Commercial options are available for bulk lookup of addresses
to gather insights on hundreds or thousands of properties and
locations simultaneously through the climate85 API.
"The reality of climate change is upon us, and it is crucial
for individuals and organizations alike to incorporate climate risk
into their future planning. With climate85, both businesses and
families can gain a deeper understanding of their climate risk and
take proactive steps to prepare for potential disasters. By
leveraging this tool, individuals can not only reduce financial
costs but also safeguard human lives. Our platform is capable of
generating probability maps for any country and climate risk
factor. Our goal is to empower people to take action and face the
challenges of climate change with confidence" said Dr.
Gioachino Roberti, Head of
Product.
Minerva is seeking partnerships with businesses and
organizations to customize its climate risk scores to the different
specific industry needs. With state-of-the-art climate science and
deep expertise in AI, Minerva's data analytics can be used to
address a range of climate-related challenges, including physical
climate risk assessments, ESG reporting, insurance underwriting,
asset management, financial risk modeling, and climate-resilient
engineering design. By partnering with Minerva, companies can gain
a competitive advantage by harnessing the latest technology and
data-driven insights to inform strategic decision-making and
mitigate the risks of climate change. For partnership opportunities
please reach out to Growth Specialist Pedro
Vargas: pvargas@minervaintelligence.com
To preview your climate risk exposure please visit:
climate85.com
To access the climate85 API, please visit: Getting Started -
climate85
About Minerva Intelligence
Inc.
Minerva Intelligence Inc. is a software and data analytics
company based in Vancouver, Canada
that uses cutting-edge technologies to address pressing challenges
faced by businesses and communities. We specialize in climate
science and AI, extracting valuable insights from complex data sets
and providing actionable recommendations to our clients.
Minerva's proprietary technology is rooted in hazard mapping and
climate modeling, coupled with a deep experience in AI that enables
us to extract valuable insights and package them into actionable
ways for a diverse range of applications. With our expertise and
technology, we help clients thrive in the face of an ever-changing
climate. Minerva's common shares are currently listed on the
TSX Venture Exchange (symbol MVAI). For further details, please
visit our website www.minervaintelligence.com or follow us
on Twitter or LinkedIn.
Cautionary Note Regarding
Forward-Looking Statements
Forward Looking Information: This news release includes
certain information that may be deemed "forward-looking
information". Forward-looking information can generally be
identified by the use of forward-looking terminology such as "may",
"will", "expect", "intend", "estimate", "anticipate", "believe",
"continue", "plans" or similar terminology. All information in this
release, other than information of historical facts, including,
without limitation, statements with respect to the business
strategy and objectives of the Company are forward-looking
information that involve various risks and uncertainties. Although
the Company believes that the expectations expressed in such
forward-looking information are based on reasonable assumptions,
such expectations are not guarantees of future performance and
actual results or developments may differ materially from those in
the forward-looking information. Forward-looking information is
based on a number of material factors and assumptions. Factors that
could cause actual results to differ materially from the
forward-looking information include changes in project
parameters as plans continue to be refined, future
metal prices, availability of capital and financing on acceptable
terms, general economic, market or business conditions, regulatory
changes, delays in receiving approvals, and other risks detailed
herein and from time to time in the filings made by the Company
with securities regulatory authorities in Canada. Mineral
exploration and development of mines is an inherently risky
business. Accordingly, actual events may differ materially from
those projected in the forward-looking information. For more
information on the Company and the risks and challenges of our
business, investors should review our continuous disclosure filings
which are available at www.sedar.com. Readers are cautioned not to
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities
laws.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press
release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/minerva-intelligence-launches-the-first-comprehensive-wildfire-risk-map-for-canada-301785797.html
SOURCE Minerva Intelligence Inc.